David Perdue on Tax Reform

Cut spending AND increase revenue

In a conversation with the Macon Telegraph's editorial board, the multi-millionaire businessman did not offer the categorical refusal to raise taxes that is now customary among Republican candidates. "Is it better to try to get out of the ditch by
curbing the growth of spending or increasing revenue?" an editorial board member asked.

"Both," Perdue replied emphatically.

"And that's a euphemism for some kind of tax increase?" the interviewer noted.

Perdue laughed and explained, "Well here's
the reality: If you go into a business--I was never able to turn around a company just by cutting spending. You had to figure out a way to get revenue growing. There are five people in the US Senate who understand what I just said. You know revenue is
not something they think about."

Perdue's spokesman claimed Perdue was only broadly talking about growing the economy. "David was stating a simple economic principle: If the economy is growing and more people were working, it generates more revenue."

No tax increase of any kind; overhaul the tax code

In the midst of a terrible economy, this would be the worst possible time to raise taxes on anyone. Too many families and too many businesses are struggling to get by. I will not support a tax increase of any kind.
Furthermore, the federal tax code is too complicated and misaligned. It should be completely overhauled as a means to promote growth and encourage more domestic economic investment.